Eureka Forbes Limited has informed the Exchange about Transcript
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Eureka Forbes reported Q1 FY26 revenue of Rs. 607.7 crores, up 9.9% year-on-year, with profit after tax rising 24.1% to Rs. 38.5 crores. The product business grew in double-digits both in volume and value, led by water purifiers (Aquaguard) and a 52% jump in robotic vacuum cleaners. Gross margins stood at 59.7% (down from 60.5% a year ago) due to tactical promotions, while adjusted EBITDA margins came in at 11% after absorbing higher service-related costs and continued growth investments. A key highlight was the turnaround in the service business, where bookings grew in double-digits with rising AMC counts, higher average selling prices, and improved multi-year mix. Management said service revenue will meaningfully reflect in reported numbers from Q4 FY26 onwards. Online channel now contributes around 65% of AMC bookings, up from 8-10% two years ago.
Positive for shareholders — strong profit growth, double-digit product volume expansion, and a decisive service business turnaround signal healthy momentum. Management explicitly guided for full-year margin improvement in FY26 itself (not deferred to FY27), backed by operating leverage and cost discipline, which should support earnings upgrades and stock sentiment.